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What is NOT a potential outcome of the marketing department successfully identifying customer requirements and future needs?
What is NOT a potential outcome of the marketing department successfully identifying customer requirements and future needs?
Which of the following is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's reputation?
Which of the following is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's reputation?
What is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's customer base?
What is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's customer base?
Which of the following is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's financial performance?
Which of the following is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's financial performance?
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What is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's products?
What is a potential outcome of the marketing department successfully identifying customer requirements and future needs that is related to a business's products?
Signup and view all the answers
Study Notes
Benefits of Identifying Customer Requirements
- Enables the business to raise customer awareness of a product or service
- Leads to an increase in revenue and profitability
- Allows the business to increase or maintain market share
- Helps maintain or improve the image of the product or business
- Facilitates targeting a new market or market segment
- Enables the business to enter a new market at home or abroad
- Leads to the development of new products or improvement of existing products
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Description
Identify the benefits of successful marketing strategies in meeting customer needs and driving business growth. This quiz covers the importance of marketing in increasing revenue, maintaining market share, and improving product image.
